INDOSUEZ INTERNATIONAL FINANCE B.V. v. NATIONAL RESERVE BANK


279 A.D.2d 408 (2001)

720 N.Y.S.2d 102

INDOSUEZ INTERNATIONAL FINANCE B.V., Respondent, v. NATIONAL RESERVE BANK, Appellant.

Appellate Division of the Supreme Court of the State of New York, First Department.

Decided January 25, 2001.


Plaintiff, a Netherlands bank doing business in Switzerland, sued defendant, a Russian bank, for moneys due in connection with currency exchange transactions evidenced by 14 confirmations. Defendant contends that the transactions are invalid because the individual who signed the 14 confirmations on its behalf, its Deputy Chairman, lacked authority under Russian law to do so. Consequently, defendant further argues, the English or New York choice of law and forum provisions...

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